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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: jim black who wrote (67927)8/10/2006 12:59:02 PM
From: John Vosilla  Respond to of 110194
 
Seems people who did not cash out of this housing mania are falling further and further behind. Cost of living really is going up much higher than reported and yes it is compounded by all the 'extra stuff' and toys that are must have items. What are the masses to do as the stock market has headed sideways forever, good jobs exported to China and where housing has gone up is set to crash and not only reverse that wealth effect but lose a ton of good paying jobs tied to it. Yet all this with long term treasuries near 45 year lows, record corporate profits and very low unemployment rates. Quite scary when you look at it from a distance. Cash could be king but it is only temporary to pick up assets on the cheap for those fortunate or able enough to do it. Long term your dollar will continue to devalue at a rapid clip. Sounds like an even bigger divide between haves and have nots which is the scariest part of all.



To: jim black who wrote (67927)8/10/2006 1:24:45 PM
From: shades  Read Replies (1) | Respond to of 110194
 
The ONLY reason one would consider a commodity based currency with all its problems is that it would enforce a discipline on these demopublican bozos who spend on national budgets

You are very deluded citizen - shiny metal will not enforce anything on a corrupt criminal - see the guy throwing that shiny metal at the tank - who is doing the enforcing?



Gold user about to get squashed under that tank eh? Its not about the gold, never was - about who has the bigger guns and the will to do things other men won't - do you have the will to kill someone that disagrees with you?

socialistalternative.org

Trotsky opposed Stalin with political means, Stalin fought Trotsky and his supporters with state-sponsored terrorism. "Stalin conducts a struggle on a totally different plane", Trotsky wrote: "He seeks to strike not at the ideas of the opponent, but at his skull". This was a chilling premonition.

Trotsky tried to attack ideas - Stalin attacked people's skulls - who won?

On 20 August, 1940, Leon Trotsky was struck a fatal blow with an ice-pick by Ramon Mercader, an agent sent to Mexico by Stalin's secret police (the GPU) to murder the exiled revolutionary.



To: jim black who wrote (67927)8/10/2006 1:33:46 PM
From: mishedlo  Read Replies (2) | Respond to of 110194
 
Indeed you do seem to refer on quick perusal to opinion that inflation is due to printing/computer entries, which I assume to mean that you mean inflation is strictly a monetary phenomenon, a point with which I heartily agree, my opinion of inflation being that IF we had responsible lawmakers/government spenders we could manage with a fiat currency IF the govt limited growth of money supply to growth in real goods and services, REAL numbers, not hedonic crap that Greenspan fostered over 18 1/2 years. The ONLY reason one would consider a commodity based currency with all its problems is that it would enforce a discipline on these demopublican bozos who spend on national budgets...yes I believe are not as far apart as I judged. And for that matter, Ha, as if anyone even asked me, IF we had spent the billions we have in Iraq on Fischer-Tropsch plants on GTL/CTL technology similar to krauts in WWII ( I can say that because I am 1/4 German) and we could be independent of Mideast oil...no such luck. I reiterate surprise that Martin Weiss who seems right about lots of stuff actually stated that inflation is due to high oil prices. I suggest he go back to reading about inflation form the Austrian School sources.
jim black


Bingo.
I was pretty sure from the beginning that we had common ground and were actually in "violent agreement"

Now if we could just get GST to listen. ggg

If you have not seen this piece, you might be interest in it.
globaleconomicanalysis.blogspot.com

This is definately the Austrian Perspective.
Mises.org was going to run it but it was cancelled at the last second because of an article on a similar theme came in from someone with the last name of Mises.

Mish